I posit that this retreading of old paths was very good for the industry.
All the truly important CPU design features were first invented using discrete logic for mainframes and minicomputers. Then, 20 years later when it became possible to fit them onto a single chip, they were all out of patent, which is precisely what made the early microcomputer industry so competitive. When none of the important stuff could be patented anymore, you could only compete on merit, not by getting a government enforce a monopoly on some critical piece of your design.